Iron Work Farm in Acton Inc

Analysis

Iron Work Farm in Acton Inc is a registered charity in United States, based in Acton, MA. It received its IRS tax-exemption ruling in June 1969, 57 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Iron Work Farm in Acton Inc reported income of $104k and spending of $109k, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $86k to $104k (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 122%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iron Work Farm in Acton Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include Today Is a New Day Recovery Home Inc ($104k), Rotary Coos Foundation Inc ($104k) and Friends of the Stanford Daily Foundation ($104k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% of the total. At year end it held assets of $1.3m against liabilities of $8,190, net assets of $1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.